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Prepare For A Flood Of Bank Earnings

Stocks in this article: BAC BBT COF CYN FHN FITB HBAN KEY MS PNC STI USB ^BKX

Fifth Third Bank (FITB) ($18.81) set its multi-year high at $19.08 on July 11. My semiannual value level is $17.50 with a monthly pivot at $18.72 and semiannual risky level at $21.10.

Huntington Bancshares (HBAN) ($8.18) set a multi-year high at $8.66 on July 8. My monthly value level is $7.96 with a weekly pivot at $8.23 and semiannual risky level at $8.41.

KeyCorp (KEY) ($11.57) set its multi-year high at $12.13 on July 8. My monthly value level is $11.15 with a semiannual pivot at $11.73.

Morgan Stanley (MS) ($25.55) set its multi-year high at $27.17 on June 10. My semiannual value level is $16.10 with a weekly pivot at $26.44 and monthly risky level at $27.13.

Banks reporting pre-market on July 19:

First Horizon (FHN - Get Report) ($11.86) set its multi-year high at $12.48 on July 8. My semiannual value level is $10.75 with a weekly pivot at $11.98.

Suntrust Banks (STI) ($33.34) set its multi-year high at $34.64 on June 9. My monthly value level is $31.63 with a weekly pivot at $34.13 and semiannual risky level at $35.18.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.
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